SGB Update

Luxottica Says Sales of Oakley Product Flat at Sunglass Hut

Luxottica Group S.p.A. issued a clarification regarding its business with Oakley. The release was in response to inquiries by members of the financial community related to Oakley's second quarter financial report that indicated that sales to Sunglas

Callaway Q2 Net Income Down 8.1% on 4.1% Sales Decline

Callaway Golf reported net sales for the second quarter declined 4.1% to $242.1 million, with foreign currency exchange rates favorably impacting net sales by approximately $7.5 million. Net income was down 8.1% to $34.1 million, versus $37.1 million for

Taylor Made-adidas Golf and Pixl Resolve Litigation

Taylor Made-adidas Golf Company and Pixl Golf Company have confirmed that the two organizations have been involved recently in litigation that “has been resolved to the mutual satisfaction of both parties”. Both Taylor Made-adidas and Pixl are prohibited

Gotcha Emerges From Bankruptcy…

Gotcha is emerging from Chapter 11 bankruptcy after filing for protection last August. The company currently owes creditors about $8.0 million, but plans to pay it off with 6-8% interest within 44 months…

Nautilus Appoints New CEO; Cook Retains Board Chair

The Nautilus Group, Inc. announced that Gregg Hammann has joined Nautilus as President and Chief Executive Officer effective immediately. Brian Cook, current Chief Executive Officer and Chairman, will continue with the company as Chairman…

Stride Rite Making Exec Moves…

Rick Thornton has been named president and COO of the Stride Rite Corporation, with full general management responsibility for Keds, Sperry Top-Sider, Stride Rite Children's Group, Tommy Hilfiger Footwear, International and Sourcing. David Chamberla

NSGA: Department Stores Gain Share in Fitness Equipment

Sears and other department stores like the retailing giant continue to increase their dominance in the home fitness equipment market. Based on an NSGA analysis of consumer purchases of three major types of exercise equipment – treadmills, exercise bikes a

NSGA: Bike Imports Fall in Q1, But Specialty Sales Up in May

Bicycle imports fell to 3.5 million units in the first quarter of 2003, 13% fewer than in the same quarter last year, according to U.S. Department of Commerce data.
Most categories showed significant declines. The only category that showed an increase wa

Aussie Adds More Stalls at the Barn…

Aussie Apparel Group continues to aggregate small alternative brands as it announced last week the addition of two more labels to its growing stable…

Worth Sues Amateur Softball Group for Rule Changes

Worth Inc. announces a lawsuit filed against the Amateur Softball Association on July 10th in Oklahoma City Federal Court based on an ASA announcement on June 30, 2003 that a new bat standard based upon a new high-speed test system is to become effective

Raider Takes 5% Stake in Perry Ellis…

When Perry Ellis International, the Florida-based apparel company that owns Jantzen and holds licenses for Nike swimwear and Ping apparel, purchased the Salant Corporation in June, it also got another famous name of dubious distinction when it closed the

Oh, For the Good Old Days…

Seems like the tennis stars of yore are fed up with the monotony of the “new school” of professional tennis…

Hasek To Open Stores in Detroit…

Dominic Hasek will be bringing more than his goalie mask when he returns to the Detroit Redwings after a one-year retirement that didn’t take…